The Nigerian Education Loan Fund (NELFUND) has disclosed that it has not received any response from the institutions in the South-East of the country, concerning the verification of their students.
NELFUND disclosed this on Friday on its X platform while responding to the reason institutions in the South East are yet to get disbursed.
“It’s important to clarify that geopolitical zones are not a factor in the disbursement process. NELFUND sent a verification list to every institution eligible for disbursement. Payments are being made to institutions that have responded to this verification.
“Unfortunately, we have not yet received any response from the institutions in the South-East. We urge these institutions to complete the verification process so that their students can benefit from the scheme,” NELFUND responded.
The Fund disclosed that so far, a total of N2.94bn has been disbursed to 19 institutions with 27,667 students benefiting.
The institutions according to NELFUND include, University of Maiduguri with N589,001,500.00, University of Ibadan, N201,114,650.00; University of llorin, N52,897,890.00; University of Benin, N24,412,500.00 and Federal University Dutsin-Ma, N304,961,800.00.
Others include, Bayero University Kano, N853,775,000.00; Federal College of Education Abeokuta, N1,945,700.00 ; Federal University of Technology Minna, N62,928,600.00; Obafemi Awolowo University lle Ife, N50,414,000.00; and University of Lagos N122,494,400.00.
The University of Jos got N209,320,000.00, Federal College of Education Technical Gusau, N15,600,200.00; Federal College of Education Special Oyo, N18,502,500.00; Federal University Dutse, N207,106,000.00; Federal University Birnin Kebbi , N130,002,800.00; Modibbo Adama University Adamawa, N83,837,850.00; Federal Polytechnic Bauchi, N7,218,800.00 and Federal Polytechnic Mubi, N2,045,500.00.
Recall that the Managing Director of the NELFUND, Dr. Akintunde Sawyerr, had earlier stated that students of higher institutions based in southern part of the country were not applying for loans because they doubt its viability.
He noted that more students from the north have applied for the loans owing to better coordination by tertiary institutions in the region.
Why We Haven’t Disbursed Students Loan To South-East Institutions- NELFUND is first published on The Whistler Newspaper